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Banks Need FinTech To Stay Competitive – And Secure

PYMNTS

A paper published by Boston Consulting Group (BCG) described today as a critical moment in banking history as players face pressure from alternative players and corporate clients that demand newer, better services. The time for this radical shift is now,” Boston Consulting Group declared.

Security 181
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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

PYMNTS

It also plans to build the world’s first full stack offering for truly autonomous security, as well as increase investment in its core organic R&D. Founded in 2012, Cybereason boasts distribution in all major global markets. AI-driven technology from Cybereason is helping secure our increasingly connected world.”.

Boston 115
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Why We Invested: VCs Sound Off On 7 Recent Early-Stage Startup Investments

CB Insights

In a post on the USV blog , the firm noted that Flip is a market specific network in which “closing the loop of a transaction” – in this case, the sale or sublet of a lease – unlocks a network effect of benefits for users (ostensibly by making the lease-exchange market more fluid and data-driven with each transaction).

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

Edgewater Markets. HQ: Boston, Massachusetts. Financial data for private equity funds. Tags: Investors, big data, business intelligence, investing, capital markets. Automated lending solutions for financial institutions. Latest round: $40 million. Total raised: $50 million. HQ: Austin, Texas. Maxwell Health.

Company 12
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Reopening: The Tech-Enabled Office In A Post-Covid World

CB Insights

Beyond the office: cybersecurity and at-home network security. Individuals using Alipay’s Health Code fill out a form in the app and the software uses big data to generate a QR code depending on a user’s contagion risk. Challenges: health screens raise security concerns . Conclusion. Get the full report.

Meeting 101
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Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech startup funding was 5x to 10x more than in 1999/2000. But at least in fintech, there are vast opportunities to improve existing processes and open new markets. Source: Boston Business Journal. Market data solutions.

Fintech 12
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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

In what’s becoming an increasingly popular theme for B2B startup investors, this week’s funding rounds for B2B startups largely centered on tackling data silos and empowering the enterprise with the insights that data can provide. SourceDay noted it plans to use the new funding to focus on marketing and product development.

Analytics 176